THE appointment of an officer-in-charge, instead of a President and COO at legacy flag carrier Philippine Airlines (PAL), sends the wrong signal to investors who might see in it a sense of uncertainty as to the company’s future, according to financial analyst Astro del Castillo. In a news statement on…
FLAG carrier Philippine Airlines (PAL) has appointed Stanley K. Ng, its SVP for Airline Operations, as the new president and COO of the company. Ng, a son-in-law of billionaire Lucio C. Tan, will sit as the new president and COO of the carrier in an acting or officer-in-charge capacity, replacing…
A reorganisation plan has seen the wiping out of over $2 billion in debt, and an injection of $505 million in long-term equity and debt financing from the…
Philippine Airlines (PAL) has completed a financial restructuring plan that wiped out $2.1 billion in debts, bolstering its bid to recover from losses due to the global health crisis.